M&A Deal Summary |
|
|---|---|
| Date | 2024-12-20 |
| Target | American Greetings |
| Sector | Consumer Products |
| Buyer(s) | Elliott |
| Sellers(s) | CD&R |
| Deal Type | Secondary Buyout |
| Advisor(s) | Centerview Partners BofA Securities (Financial) Debevoise & Plimpton (Legal) |
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Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 15 |
| Sector (Consumer Products) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 9 of 9 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-22 |
Ascent Global Logistics
Belleville, Michigan, United States Ascent Global Logistics is a transportation and supply chain solutions provider. Ascent Global Logistics is based in Belleville, Michigan. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 30.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 46 |
| Sector (Consumer Products) | 3 of 3 |
| Type (Secondary Buyout) | 6 of 6 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 36 of 36 |
| Year (2024) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-14 |
Cheney Brothers
Riviera Beach, Florida, United States Cheney Brothers is a family-owned and operated broad line distributor offering over 64,000 stocked items from gourmet to every day. Cheney EXPRESS is open to the public and carries frozen, refrigerated and dry products with carrying out service to your vehicle. Insisting upon top-quality products from nationally recognized manufacturers, Cheney Brothers’ broad inventory consists of more than 50,000 stocked items, from gourmet to every day. Cheney Brothers was formed in 1925 and is based in Riviera Beach, Florida. |
Sell | $2.1B |
